Grimsby/Cleethorpes Sunday League Football

Full Version: Expected Value in Casino Dice-When you give a Casino $5 for a bet on the ‘pass line’
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
When you give a Casino $5 for a bet on the ‘pass line’ in a casino game of dice, there is a 251/495 probability that you will lose $5 and there is a 244/495 probability that you will make a net gain of $5. (If you win, the casino gives you $5 and you get to keep your $5 bet, so the net gain is $5.) What is your expected value? In the long run, how much do you lose for each dollar bet?


_____________
Play Blackjack For Fun Online